Facebook has no credibility mate, they are fond of selling out users data to the buyers(either the government or to other individuals for use), the government are just trying to infiltrate into the world of cryptocurrency and they think that, thorough facebook they can hit the whole world
Facebook Libra will be a failure. Learn from former billionaire Anil Ambani. All the hype created by those MBAs and CAs for nonsense. Bitcoin has also run into trouble in many big coutnries.
Hey mate, let me remember you of the biggest social media which is facebook.com and they are up to something good for the crypto-world. Not saying that, they will be above Ethereum not to of Bitcoin but they will help adoption of Blockchain and Bitcoin to the entire masses. But remember that, their token is centralize and it can be measure by ripple.
What facebook is doing and expressing is really special when they start public, apply crypto and bitcoin-related technologies and issues to the community, from an objective perspective, this is a good event for this field. But with a strong publicity with such a large scope, the government's attention will probably go to the crypto world, perhaps the rule and everything in this game will begin to change when the emergence of libra coin marks government intervention in crypto.